Artificial Intelligence in FMCG Retail Sector

Authors

DOI:

https://doi.org/https://doi.org/10.37075/RP.2023.1.09

Keywords:

Digital transformation, Artificial intelligence, FMCG retail sector
M31

Abstract

The paper presents theoretical research on the diffusion of artificial intelligence (AI) in FMCG. As a result, the four main areas of AI innovation were discovered: customer experience, logistics, manufacturing, and business model. The relationship of AI with the proven technology for customer relationship management – CRM – is also revealed. Current benefits and opportunities for future optimizing business processes through digital transformation are indicated. Emphasis is placed on machine learning. Examples of using artificial intelligence among leading companies in the FMCG sector are given, as well as an example of service transformation in a supermarket in Germany during Covid-19, etc.

References

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Team GRUBBRR (2023). The Future of AI in Retail & Smart Store Solutions. DOI: https://grubbrr.com/the-future-of-retail-ai-driven-smart-stores/

N Krasteva - Годишник на Стопанския факултет на СУ „Св …, 2020 (2020). Marketing mix and the artificial intelligence technology. Yearbook of the Faculty of Economics and Business Administration, Sofia University, 19(1), 77-98. URL: https://www.ceeol.com/search/article-detail?id=927968

M Schrage, D Kiron - MIT Sloan Management Review, 2018 (2018). Improving strategic execution with machine learning. URL: https://search.proquest.com/openview/03241f10b599159bef3dd9a1cd0423b6/1.pdf?pq-origsite=gscholar&cbl=26142 (accessed 2023-01-15)

Published

2023-04-25

Issue

Section

Articles

How to Cite

Yovcheva, I. (2023). Artificial Intelligence in FMCG Retail Sector. Research Papers, 1, 101-113. https://doi.org/https://doi.org/10.37075/RP.2023.1.09